This is the information that needs to be clear for me and is
actionable aka "the takeaway":
the move should be a STRONG MOVE - not some consolidation move.
"
these are areas where you look to place a trade with a
tighter stop"
Some may miss the point for planning purposes if it isn't stated
like this. I know I did when I was newer to trading. I can still
miss it if I'm not focused on where the market is and how my plan
responds to that. Lots of distractions out here.
I think that's quite evident if you examine the recent range
which we have pointed out for the last several days. I was
one of the very few that presented a bullish option after
yesterday's close. Trade YOUR PLAN and don't worry about
prognostications.
The VIX also supported a bounce with 5 waves down (from
resistance pointed out in advance) followed by an abc bounce
yesterday which supported a bounce. With that being said,
price is still within the recent range.
Exactly, I ignore all of it other than my personal plan. I'm
betting this conversation helped someone or more than one person
today and that is a good thing.
yes follow your plan, but also instead of worrying about BS -
one could have bet set to play futures or UPRO after the report -
that's what I did. With the 2 scenarios I favored the up move, but
I didn't have any position overnight -after the report I entered
both ES and UPRO at good prices
you guys should have your own personal plans - what you pay us
for is ideas and things you can possibly incorporate into your plan
as well as trade ideas, market analysis, system trades etc - going
into today was an obvious big inflection area and those present the
best trading opportunities - not the consolidation days like we've
had
We made it very clear - Wed and especially yesterday when we
shows the counts and patterns and said that this is an inflection
point where the market either dumps hard or reverses hard and is a
bear trap - which leaned more to.
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This is the information that
ES futures
Posted by fundamentalvalues on 6th of Jan 2023 at 08:38 am
This is the information that needs to be clear for me and is actionable aka "the takeaway":
the move should be a STRONG MOVE - not some consolidation move. " these are areas where you look to place a trade with a tighter stop"
Some may miss the point for planning purposes if it isn't stated like this. I know I did when I was newer to trading. I can still miss it if I'm not focused on where the market is and how my plan responds to that. Lots of distractions out here.
Thank you for sharing .
Posted by tgo5043 on 6th of Jan 2023 at 08:46 am
Thank you for sharing .
I think that's quite evident
Posted by steve on 6th of Jan 2023 at 08:43 am
I think that's quite evident if you examine the recent range which we have pointed out for the last several days. I was one of the very few that presented a bullish option after yesterday's close. Trade YOUR PLAN and don't worry about prognostications.
The VIX also supported a bounce with 5 waves down (from resistance pointed out in advance) followed by an abc bounce yesterday which supported a bounce. With that being said, price is still within the recent range.
Exactly, I ignore all of
Posted by fundamentalvalues on 6th of Jan 2023 at 08:46 am
Exactly, I ignore all of it other than my personal plan. I'm betting this conversation helped someone or more than one person today and that is a good thing.
yes follow your plan, but
Posted by matt on 6th of Jan 2023 at 09:00 am
yes follow your plan, but also instead of worrying about BS - one could have bet set to play futures or UPRO after the report - that's what I did. With the 2 scenarios I favored the up move, but I didn't have any position overnight -after the report I entered both ES and UPRO at good prices
you guys should have your own personal plans - what you pay us for is ideas and things you can possibly incorporate into your plan as well as trade ideas, market analysis, system trades etc - going into today was an obvious big inflection area and those present the best trading opportunities - not the consolidation days like we've had
okay move on - let's see what goes on today
Glad to hear it worked
Posted by fundamentalvalues on 6th of Jan 2023 at 09:06 am
Glad to hear it worked out! I played it too.
We made it very clear
Posted by matt on 6th of Jan 2023 at 08:45 am
We made it very clear - Wed and especially yesterday when we shows the counts and patterns and said that this is an inflection point where the market either dumps hard or reverses hard and is a bear trap - which leaned more to.